Top 10 / Top 10 — Industrials
Top 10 — Industrials
The 10 highest scores among covered Industrials companies, rebalanced on the first trading day of each month.
Tracked against the market equal weight · dividends included
SPY is the S&P 500 ETF — the US large-cap market average.
Top 10SPY (dashed)rebalance
−12.1% since 18 Aug 2026, against +1.1% for SPY: 13.1 percentage points behind the market.
Both lines include dividends: each payout is reinvested in the company that paid it, and SPY's payouts are reinvested the same way.
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The 10 members
| # | Company | Why it is here | Score | Pillars | Sector rank | Price | Since entry | In the list since |
|---|---|---|---|---|---|---|---|---|
| 1 | nVent Electric (NVT) | Growth 89th (revenue growth year over year 46.2%, 3-year revenue CAGR 19.3%).Growth 89th (revenue growth year over year 46.2%, 3-year revenue CAGR 19.3%) and trend 82nd (a "golden cross" — its 50-day average is above its 200-day); weakest is valuation (28th, price to earnings 45, price to book 4.4).
Pillar percentiles |
PGHVCT | 1 | 164.20 8 Oct 2026 | −0.3% | 18 Aug 2026 | |
| 2 | Mueller Industries (MLI) | Profitability 80th (return on equity 23.8%, operating margin 22.9%).Profitability 80th (return on equity 23.8%, operating margin 22.9%) and financial health 78th (debt to equity 0, free cash flow margin 16.4%); weakest is growth (47th, 3-year revenue CAGR 1.6%, revenue growth year over year 14.8%).
Pillar percentiles |
PGHVCT | 2 | 60.49 8 Oct 2026 | −6.2% | 18 Aug 2026 | |
| 3 | Emcor (EME) | Capital return 83rd (consecutive years of dividend increases 13 years, net share count bought back over the year 3.6).Capital return 83rd (consecutive years of dividend increases 13 years, net share count bought back over the year 3.6) and growth 75th (3-year revenue CAGR 15.3%, revenue growth year over year 18.9%); weakest is valuation (41st, price to book 8.4, price to earnings 24.2).
Pillar percentiles |
PGHVCT | 3 | 778.24 8 Oct 2026 | −5.6% | 18 Aug 2026 | |
| 4 | WATTS WATER TECHNOLOGIES INC (WTS) | Financial health 74th (debt to equity 0, free cash flow margin 14.6%).Financial health 74th (debt to equity 0, free cash flow margin 14.6%) and trend 73rd (a "golden cross" — its 50-day average is above its 200-day); weakest is valuation (40th, price to book 4.5, price to earnings 30.3).
Pillar percentiles |
PGHVCT | 4 | 347.14 8 Oct 2026 | −7.6% | 18 Aug 2026 | |
| 5 | Allison Transmission (ALSN)NEW | Profitability 89th (return on equity 33.4%, operating margin 29.2%).Profitability 89th (return on equity 33.4%, operating margin 29.2%) and capital return 69th (net share count bought back over the year 3.4, consecutive years of dividend increases 4 years); weakest is financial health (47th, debt to equity 2.1, free cash flow margin 22%).
Pillar percentiles |
PGHVCT | 5 | 109.11 8 Oct 2026 | −6.2% | 1 Oct 2026 | |
| 6 | Nordson Corporation (NDSN)NEW | Trend 87th (it is 3.6% below its highest point of the past year).Trend 87th (it is 3.6% below its highest point of the past year) and capital return 77th (consecutive years of dividend increases 17 years, net share count bought back over the year 1.2); weakest is valuation (31st, price to earnings 34.9, price to book 5.6).
Pillar percentiles |
PGHVCT | 7 | 326.87 8 Oct 2026 | −0.7% | 1 Oct 2026 | |
| 7 | MCGRATH RENT (MGRC)NEW | Valuation 73rd (price to earnings 18.2, price to book 2.2).Valuation 73rd (price to earnings 18.2, price to book 2.2) and profitability 70th (operating margin 25.8%, return on equity 12.6%); weakest is growth (43rd, revenue growth year over year -0.9%, 3-year revenue CAGR 14.1%).
Pillar percentiles |
PGHVCT | 8 | 112.73 8 Oct 2026 | −2.0% | 1 Oct 2026 | |
| 8 | BRADY CORP (BRC)NEW | Financial health 70th (debt to equity 0, free cash flow margin 11.6%).Financial health 70th (debt to equity 0, free cash flow margin 11.6%) and valuation 67th (price to earnings 19.2, price to book 2.8); weakest is capital return (51st, consecutive years of dividend increases 2 years, net share count bought back over the year 0.7).
Pillar percentiles |
PGHVCT | 11 | 84.41 8 Oct 2026 | +0.3% | 1 Oct 2026 | |
| 9 | ESCO TECHNOLOGIES INC (ESE) | Financial health 77th (debt to equity 0.1, free cash flow margin 18.8%).Financial health 77th (debt to equity 0.1, free cash flow margin 18.8%) and profitability 67th (return on equity 19.4%, operating margin 15.6%); weakest is trend (38th, trading below its 200-day average).
Pillar percentiles |
PGHVCT | 18 | 254.06 8 Oct 2026 | −17.1% | 18 Aug 2026 | |
| 10 | Delta Air Lines (DAL)NEW | Valuation 77th (price to earnings 13.6, price to book 2.5).Valuation 77th (price to earnings 13.6, price to book 2.5) and trend 73rd (a "golden cross" — its 50-day average is above its 200-day); weakest is capital return (40th, net share count bought back over the year -0.9, consecutive years of dividend increases 3 years).
Pillar percentiles |
PGHVCT | 24 | 82.14 8 Oct 2026 | −2.4% | 1 Oct 2026 |
Changes at the 1 Oct 2026 rebalance
Entered
Allison Transmission (ALSN) — Entered 1 Oct 2026: score 64.7, rank 5 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
BRADY CORP (BRC) — Entered 1 Oct 2026: score 61.3, rank 13 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
Delta Air Lines (DAL) — Entered 1 Oct 2026: score 61.2, rank 14 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
MCGRATH RENT (MGRC) — Entered 1 Oct 2026: score 63.4, rank 8 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
Nordson Corporation (NDSN) — Entered 1 Oct 2026: score 61.9, rank 10 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).
Left
ARGAN INC (AGX) — Left 1 Oct 2026: score 57.2, rank 46 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
Andersen Group Inc. (ANDG) — Left 1 Oct 2026: score 57.2, rank 45 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
Paychex (PAYX) — Left 1 Oct 2026: score 60.8, rank 18 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
Skipped by the 4-per-sector cap
Ametek (AME) — Not selected 1 Oct 2026 despite rank 6: it moves too closely with companies this list already holds (NVT, WTS, EME, MLI, ESE, ALSN), 0.53 against a cap of 0.34.
ITT Inc. (ITT) — Not selected 1 Oct 2026 despite rank 11: it moves too closely with companies this list already holds (WTS, NVT, ESE, MLI), 0.39 against a cap of 0.34.
Johnson Controls (JCI) — Not selected 1 Oct 2026 despite rank 12: it moves too closely with companies this list already holds (NVT, EME, ESE, WTS, MLI), 0.42 against a cap of 0.34.
KENNAMETAL INC (KMT) — Not selected 1 Oct 2026 despite rank 9: it moves too closely with companies this list already holds (MGRC, WTS, ESE, MLI, ALSN), 0.38 against a cap of 0.34.
5 of 10 changed at this rebalance. Average 5.3 of 10 per rebalance.
How the score is built
The Top 10 score is a published weighted sum of percentile ranks, rebalanced on the first trading day of each month. A list is a published formula and its output, not a recommendation. Method version 4. Full method → What is the top 10 score? →
Questions
How is the score built?
The Top 10 score is a published weighted sum of percentile ranks, rebalanced on the first trading day of each month. A list is a published formula and its output, not a recommendation. Method version 4. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100.
How often does this list change?
Members are rebalanced on the first trading day of each month. Scores are recomputed nightly, but membership only changes at a scheduled rebalance, or immediately if a company stops being eligible. A member is held while it stays inside the top 15, so a small move in rank does not force a change.
What score does a company need to be in this list?
The cutoff today is 61.7 across 238 ranked Industrials companies. #11 (BRC) is 0.1 below it. A member leaves only if it falls past #15 — 60.9 today.
Why did AGX leave the list?
Left 1 Oct 2026: score 57.2, rank 46 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).
Informational only — NOT financial advice.